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RIYADH: Saudi Arabia’s Small and Medium Enterprises Financing Guarantee Program, Kafalah, has exceeded SR64 billion ($17 billion) in the total loan portfolio, of which SR42 billion were guaranteed, CEO at Kafalah Fund, Homam Hashem, told Argaam. The total facilities funded by banks and finance companies issued by the Saudi Central Bank, or SAMA, amounted to SR203 billion in
"Monsha'at strives to diversify the funding sources for enterprises, support the initiatives within the venture capital sector, and develop policies and standards for funding small and medium projects."
The session titled “How Do Ecosystems Accelerate?” dealt with many issues related to the field of systems and the provision of appropriate sciences that help companies and institutions, highlighting the system of data sharing and accelerating its process to reach better solutions.
RIYADH: Homam Hashem is the chief executive officer at the Kafalah Fund, a financing guarantee program for small and medium-sized enterprises. Hashem has a long track record in several banks and financial institutions in the Kingdom stretching over 24 years. He attended many advanced training courses in the fields of finance, risk mitigation and financial consultancy. He also